WESTFORD, Mass., July 11,
2024 /PRNewswire/ -- According to SkyQuest, the
global Blockchain Identity Management Market size was valued
at USD 1.3 billion in 2022 and is
poised to grow from USD 2.37 billion
in 2023 to USD 293.39 billion by
2031, growing at a CAGR of 82.6 % during the forecast period
(2024-2031).
Typically, digital identities are kept on centralized systems
that are easily targeted by cybercriminals. Organizations therefore
require strong identity management solutions. Global blockchain
identity management market is based on encryption technology and
offers a decentralized, safe solution. Healthcare,
BFSI, retail, and other businesses can access real-time information
on specific entities or individuals for any kind of verification or
authentication by using blockchain identity management technology.
The report's objective is to project the market's size and future
growth potential for blockchain identity management across many
sectors, including service providers, organization sizes, and
industry verticals.
Download a detailed overview:
https://www.skyquestt.com/sample-request/blockchain-identity-management-market
Blockchain Identity Management Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$2.37
Billion
|
Estimated Value by
2031
|
$293.39 Billion
|
Growth Rate
|
Poised to grow at a
CAGR of 82.6%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Offering, Provider
Type, Organization Size, Verticals, and Network
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Digital interactions
across various industries through blockchain technology
|
Key Market
Opportunities
|
Streamlined identity
verification processes and seamless cross-sector
interoperability
|
Key Market
Drivers
|
Blockchain identity
management adoption fostering market demand
|
Segments covered in Blockchain Identity Management
Market are as follows:
- Offering
- Provider Type
- Infrastructure Providers, Application Providers, and Middleware
Providers
- Organization Size
- Large Enterprises, Small and Medium Enterprises (SMEs)
- Verticals
- BFSI, IT & Telecom, Government, Real Estate and
Construction, Healthcare, Retail and E-Commerce, Media and
Entertainment, Travel and Hospitality, and Others
- Network
- Permissioned, and Permissionless
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/blockchain-identity-management-market
Safeguarding Trust through Blockchain Identity Solution's
Enhancing Security Across industries
Blockchain related identification technologies offer secure,
distributed internet identity management solutions to various
sectors like retail, BFSI or healthcare. They increase electronic
interaction protection and credibility through the contemporary
verification techniques based on encryption. Blockchain ID
solutions are crucial for improving security and trust in various
industries during digital interactions.
Blockchain related identification technologies offer secure,
distributed internet identity management solutions to various
sectors like retail, BFSI or healthcare. They increase electronic
interaction protection and credibility through the contemporary
verification techniques based on encryption. Blockchain ID
solutions are crucial for improving security and trust in various
industries during digital interactions.
Services offer experience in creating and overseeing
decentralised identification systems that are suited to certain
industry requirements, helping organisations embrace and integrate
blockchain technology for safe identity management. They ensure
that identity systems anchored on blockchain technology are easily
distributed, customised or personalized and continuously maintained
enhancing security and efficiency as well as trust in digital
identity authentication across various industries.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/blockchain-identity-management-market
SMEs and Large Enterprises Driving Blockchain Identity
Management Industry Forward
In the global blockchain identity market, "enterprise size"
refers to the division of organisations into small and medium-sized
(SMEs) and large companies based on the extent to which they are
implementing blockchain identity solutions. Large corporations
require robust systems suitable for storing large amounts of
identification information securely, while small and medium-sized
enterprises (SMEs) should opt for cheaper, easily adaptable
alternatives.
Global adoption and advancement of blockchain identity
management solutions are largely driven by large companies.
Businesses are the ones that most of the time are in front in
introducing advanced technologies that enhance safety, streamline
operations and ensure conformity in many sectors. Technological
progress with an emphasis on block chain identity management is
largely attributable to the impetus given by big corporations'
demand creation and development.
Small and medium-sized enterprises (SMEs) have started to use
blockchain identity management systems to increase security and
operational efficiency within tight budgets. SMEs are crucial for
advancement of technology and expansion of the blockchain identity
management market. Their choice of scalable solutions promotes low
costs and competition within the market hence greater industrial
adoption.
Expansive Role of BIM in Enhancing Trust and Efficiency
Across Global Enterprises and Industries
A revolutionary approach to digital identity security across
many sectors like healthcare and retail is blockchain identity
management. Their shared ledgers and strong decentralisation ensure
real time verification and authentication guaranteeing high level
of encryption Big enterprises are driving this forward through
introduction of novel ideas thereby creating appetite for internet
business development. SMEs make a substantial simultaneous
contribution by implementing scalable, affordable solutions that
encourage industry rivalry and wider adoption. The blockchain
identity industry, which offers increased security and trust in
digital interactions across all organisational sizes, is positioned
for significant development if organisations continue to prioritise
efficient and secure identity management.
Related Report:
Blockchain Market
Blockchain as a Service Market
Blockchain Technology in Healthcare Market
Cryptocurrency Market
Automotive Blockchain Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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SOURCE SkyQuest Technology